Vault-13

M3 BRIGADE ACQUISITION II CO

COM CL A · CUSIP 553800103

23 institutional holders +6 vs Q1 2023
4,344,0174.3m shares reported held*
$45.1mreported value*
7 new 1 added 6 reduced 2 sold out net bought ≈ $658.4k (+64.3k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.38. Options: 1 managers hold calls ($135.5k notional), 1 hold puts ($4.1m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 85Q4 22: 80Q1 23: 17Q2 23: 2323Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202285
Q4 202280
Q1 202317
Q2 202323

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 16 bought or addedQ4 22: 30 cut or sold outQ4 22Q1 23: 13 bought or addedQ1 23: 77 cut or sold outQ1 23Q2 23: 8 bought or addedQ2 23: 8 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221630
Q1 20231377
Q2 202388

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ3 22 calls: $130.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $132.6kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $131.4kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $135.5kQ2 23 puts: $4.1mQ2 23P/C 30.24
Numbers
QuarterCallsPutsP/C
Q3 2022$130.0k$00.00
Q4 2022$132.6k$00.00
Q1 2023$131.4k$00.00
Q2 2023$135.5k$4.1m30.24

Biggest buyers

Spartan Fund Management Inc. New +344,160+344.2k
Quarry LP New +220,000+220.0k
Crystalline Management Inc. New +196,613+196.6k
DLD Asset Management, LP New +100,000+100.0k
ROBINSON CAPITAL MANAGEMENT, LLC Added +44,250+44.2k
COWEN AND COMPANY, LLC New +37,400+37.4k
CLEAR STREET LLC New +7,299+7.3k
DEUTSCHE BANK AG\ New +3,077+3.1k

Biggest sellers

Shaolin Capital Management LLC Sold out -400,000-400.0k
CANTOR FITZGERALD, L. P. Sold out -385,173-385.2k
Sandia Investment Management LP Reduced -40,000-40.0k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -40,000-40.0k
Tidal Investments LLC Reduced -12,000-12.0k
Virtu Financial LLC Reduced -10,014-10.0k
UBS Group AG Reduced -1,300-1.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -13-13

Biggest calls

Paloma Partners Management Co Unchanged $135.5k13.2k shares

Biggest puts

Shaolin Capital Management LLC New $4.1m400.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FIR TREE CAPITAL MANAGEMENT LP 0.43% of their portfolio New York, NY 426,653426.7k $4.4m $4.4m 0.43% Unchanged
2 Radcliffe Capital Management, L.P. 0.35% of their portfolio BALA CYNWYD, PA 400,000400.0k $4.1m $4.1m 0.35% Unchanged
3 Polar Asset Management Partners Inc. 0.08% of their portfolio TORONTO, A6 400,000400.0k $4.1m $4.1m 0.08% Unchanged
4 Castle Creek Arbitrage, LLC 0.51% of their portfolio AVON, CO 400,000400.0k $4.1m $4.1m 0.51% Unchanged
5 Periscope Capital Inc. 0.32% of their portfolio Toronto, A6 400,000400.0k $4.1m $4.1m 0.32% Unchanged
6 Arena Investors LP 3.97% of their portfolio PURCHASE, NY 400,000400.0k $4.1m $4.1m 3.97% Unchanged
7 Sandia Investment Management LP 1.13% of their portfolio BOSTON, MA 360,000360.0k $3.7m $3.7m 1.13% Reduced -40.0k -40,000
8 Spartan Fund Management Inc. 1.00% of their portfolio TORONTO, ONTARIO, Z4 344,160344.2k $4.1m $4.1m 1.00% New
9 MANGROVE PARTNERS IM, LLC 0.19% of their portfolio Greenwich, CT 261,655261.7k $2.7m $2.7m 0.19% Unchanged
10 Quarry LP 1.46% of their portfolio NEW YORK, NY 220,000220.0k $2.3m $2.3m 1.46% New
11 Crystalline Management Inc. 1.42% of their portfolio Montreal, Quebec, Z4 196,613196.6k $2.0m $2.0m 1.42% New
12 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.03% Reduced -40.0k -40,000
13 DLD Asset Management, LP 0.14% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.14% New
14 Kepos Capital LP 0.17% of their portfolio NEW YORK, NY 92,60092.6k $948.0k $948.0k 0.17% First filing
15 ROBINSON CAPITAL MANAGEMENT, LLC 0.42% of their portfolio GROSSE POINTE FARMS, MI 92,25092.2k $944.6k $944.6k 0.42% Added +44.2k +44,250
16 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 60,00060.0k $614.0k $614.0k 0.02% Reduced -12.0k -12,000
17 COWEN AND COMPANY, LLC 0.03% of their portfolio NEW YORK, NY 37,40037.4k $383.0k $383.0k 0.03% New
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,26230.3k $309.9k $309.9k 0.00% Reduced -13 -13
19 Virtu Financial LLC 0.01% of their portfolio New York, NY 12,02612.0k $123.0k $123.0k 0.01% Reduced -10.0k -10,014
20 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 7,2997.3k $74.7k $74.7k 0.00% New
21 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,0773.1k $31.5k $31.5k 0.00% New
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 2222 $225 $225 0.00% Reduced -1.3k -1,300
23 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged